TSMC, the world's leading semiconductor manufacturer, recently released its quarterly financial report, showing that its sales have far exceeded market expectations. This data not only boosts investors' confidence, but also provides a sustained growth in artificial intelligence hardware spending. Strong support.
According to the latest financial data from TSMC, the company's revenue in the fourth quarter of last year reached NT$868.5 billion (about US$26.3 billion), a year-on-year increase of 39%. This significant increase not only surpassed market analysts’ expectations, but also reflected the continued heating of global demand for high-end chips.
As the world's largest chip foundry, TSMC's layout in the field of artificial intelligence is particularly critical. The company's main customers include technology giants such as Nvidia and Apple, which are actively promoting the development of artificial intelligence technology. In addition, as technology giants such as Google's parent company Alphabet and Microsoft increase investment in data center construction, TSMC's chip demand is expected to continue to grow.
Since OpenAI launched ChatGPT, TSMC's stock price has doubled, with its market value once exceeding $1 trillion. However, the market is still cautious about issues such as over-construction, power shortages and lack of breakthrough AI applications.
In the upcoming full financial report, TSMC will face multiple challenges, including rapid changes in the technology market and geopolitical uncertainty. According to Bloomberg Intelligence analysis, TSMC's gross profit margin is expected to reach its highest point in two years, expected to be 58% or higher.
In the upcoming earnings call, investors will focus on several key areas: first, TSMC's progress in CoWoS advanced packaging technology, which will directly affect the demand for AI chips in the next 12 to 18 months; second, Arizona, USA The construction progress of the state factory is crucial to meeting the onshore manufacturing needs of companies such as Apple and Nvidia; in addition, weaker demand for mature nodes of 7nm, 16nm and larger may put pressure on gross profit margins; finally, TSMC's 2025 The capital expenditure plan will demonstrate the company's market confidence in the next generation of N2 nodes.
Overall, TSMC's strong performance not only demonstrates its leadership in the global semiconductor industry, but also indicates the continued growth potential of artificial intelligence hardware spending in 2025 and beyond. However, the company's future development still needs to face the challenges of uncertainty in the technology market and geopolitical.